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Russia to Hold Food Expo in Tehran

A Russian food exhibition, organized by Russian Export Center, is scheduled to open in Tehran on Thursday in the presence of 30 leading Russian companies engaged in food industries.

The event will provide a platform for Russian and Iranian businessmen to become familiar with each others’ capabilities regarding production, supply, distribution networks and chain stores, IRNA reported, citing Iran-Russia Joint Chamber of Commerce’s website.

Food trade can give a major boost to commercial exchanges between the two countries.

Officials from Trade Promotion Organization of Iran, Iran Chamber of Commerce, Industries, Mines and Agriculture, and Iran-Russia Chamber of Commerce, along with domestic companies, will also attend the event.

Iran’s exports to Russia rose 26% in the last fiscal year (March 2016-17) compared to the year before to stand at $218 million, mainly because of the rising export of dairy products and raisins.

“Last year, we exported nearly $152 million worth of food products to Russia, indicating a 55% and 38% growth in tonnage and value respectively compared with the year before. Yet, Iran’s share in Russia’s $27 billion food market is still meager,” Kaveh Zargaran, the head of Tehran Chamber of Commerce, Industries, Mines and Agriculture’s Agriculture, Water and Food Industries Commission has been quoted as saying.